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Telstra Corporation Limited ( (AU:TLS) ) has provided an announcement.
Telstra Group Limited has announced a daily update on its ongoing buy-back program, where it repurchased 1,793,064 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 167,605,302. This buy-back initiative is part of Telstra’s strategy to optimize its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning capital to shareholders.
The most recent analyst rating on (AU:TLS) stock is a Buy with a A$4.40 price target. To see the full list of analyst forecasts on Telstra Corporation Limited stock, see the AU:TLS Stock Forecast page.
More about Telstra Corporation Limited
Telstra Group Limited operates in the telecommunications industry, providing a wide range of services including mobile, internet, and other communication solutions. It is a leading provider in Australia, focusing on delivering innovative and reliable connectivity solutions to both individual and business customers.
Average Trading Volume: 31,664,201
Technical Sentiment Signal: Buy
Current Market Cap: A$55.74B
For detailed information about TLS stock, go to TipRanks’ Stock Analysis page.